Printing-telegraph



'6 SheetsF-Sheet 1.

-(N'o Model) J; WILEY.

PRINTING TELEGRAPH,

Nb. 3'73f,50 8. Patented Nov. 22,1887.

6 shets sheet -3.-

0. J. WILEY. PRINTING TELEGRAPH.

(No Model.)

PatentedNov. 22; 1887.

E w M (No Model.) 6 Sheets-Sheet 4. -O. J. WILEY.

PRINTING TELEGRAPH.

No. 373,508. Patented Nov. 22, M187.

m dawg 6 Sheets Sheet; 5.

(No Model.)

O. J. WILEY.

PRINTING TELEGRAPH $114M mm h a A "107 (No ModeL) j I I 6 Sheets-Sheet 6.

0-. J. WILEY. Y

PRINTING TELEGRAPH.

No. 373,508. Patented Nov. 22, 18 7.

Fly. 8,

mvmwboz Y Gwen 1m 4%., 5%; Z4

PATENT FFICE.

CHARLES J. WILEY, OF BROOKLYN, NE\V YORK.

PRINTING-TELEGRAPH.

SPECIFICATION forming part of Letters Patent No. 373,508, dated November 22, 1887.

Application filed May 2, 1887. Ser al No. 230,750. (No model.)

1'0 all whom it may concern.- I Beit known that I, CHARLES J. WILEY. a citizen ofthe United States, residing at Brooklyn, in the county of Kings and State of New York, have invented certain new and useful Improvementsin ,Printing Telegraphs, of which the following is such a full, clear, and exact description as will enable any one skilled in the art to which it appcrtains to make and use the same, reference being had to the accompanying drawings, forming part of this specification.

I Printing-,telegraphs heretoforeemployed in printing quotations of stocks and the like use a narrow fillet of paper upon which the symbols and prices of the com modities are printed from one or two type-wheels in continuous lines.- In one-wheel instruments the symbols and prices are in one continuous line, and in the two wheel instrument the symbols are printed in one line and the prices or quota.- tions in another line. What are known as the active or trading stocks are intermingled with the dull and inactive stocks, or with bonds, exchange, or othermiscellaneous matter. In this class of instruments, in '01- der to ascertain the fluctuations of the market or to find the price of any particular com- 'modity, it is necessary to examine long strips of paper, making the operation a tedious and unsatisfactory one.

The object of the present invention is to provide means for keeping the prices of the various stocks, &c., separate from each other and to obviate printing the name ofthe commodity, so that it is nccessary'to print only the price or quantity. s

The primary object of my invention, however, is to segregate the quotations of each commodity, so that the quotations of each will be separate from all the rest and can be read at a glance. To effect this I print thcquotationsof each commodity in a separate line, so that the stateof the whole market can be seen and a comparison of quotations of any special commodity made, and a record provided to file away for future reference.

The invention consists, briefly, of a series of type'wheels mounted upon ashaft, each typeone broad band orsheet of paper, upon which the quotations appear-in columns side by side, with the name of the stock indicated at the beginning of each column. The symbol of the commodity is adjustably attached to a sign per by means of a series'of levers, one for each The printing levers are set of characters. I acted upon by a series of printing-magnets arranged in the same circuit, but preferably in an independent line controlled by a transmitter, andv are governed in their action by a series of disks, one for each printing-lever,which are rigidly secured to a shaft parallel with the type-wheel shaft and controlled by an escapement governed by an electro-maguet in an independent circuit which is undcr the influence of a suitable transmitter. upon the shaft are notched, having one notch in each disk, and preferably so arranged that the notches make a spiral around the shaft. The printinglevers bear at their outer ends upon these disks and are held from printing except when they'register with the notches in the disks. But one printing-lever is designed to register with the notch in its disk at a time, so that but one impression can be taken at a time, although all the printingmagnets may be energized at the same time. The paperfeed is controlled by an escapement which is governed, preferably, by a polarized magnet and may be operated at any time by sending a weak reversed current over the line con trolled by one of the transmitters. devices are also provided for the type-wheel Unison and disk shafts, so as to unison the type-wheel and the printing-lever -disks.

The invention further consists of the novel form of type-wheels before alluded to, and also a new and useful way of arranging the char acters thereupon, all of which will be described in detail, and indicated in the claims appended hereto, and in certain details of construction which will be described, and pointed out in the claims.

I have shown my apparatus controlled by The series of disks ICO three independent main lines; but I do not confine myself to any number of lines norto any number of transmitters or circuit-controlling devices for governing the circuit ,ofthese lines, and have only shown-onefmeans for operating my apparatus. For the purpose of morefully setting forth my invention I will refer'to the a-ccompany- .ing drawings, making apart of this specifica tion, in which the same letters of reference indicate the same parts throughout.

. Figure 1 isa front elevation of anapparatus embodying myinvention with the mechanism at the reargthereof removed, sqas apreven x5 confusion;"- =Fig,"2 is a plan view ofthesaiie upon an enlarged scale, the;apparatusbeiiig broken away ,atfthc center, so asjto slid'wthe f mechanism at each end Fign3ris'a1i 2'end-ele vation tothe rightof Figs. land-5 --1 Fig.4'

an end-elevation at either-side of theai'iaehine;

I with the electro-magnetsand themecifanism at the end removed.- Fig. '5 isla perspective view'ofthesa-me,showing diagra-mn'iaticall-ythe circuitsand transmitters for-controlling said circuits; and Fig. 6 is a viewshowinga'n'elas tic periphery of the type-wheels rectified and the way in which the charact'ers' arearranged, thereupon. Fig. 7 isa vertical sat-mama 1 ehlarg'edscale, of one of the doubletype-wh'eels.

of the platen-bar and of the notice-board asit appears when the latter-is fixed upCmthe machine itself, 'thetype-wheel having asegment.

of its elastic periphery removed.- Fig. 8 is a plan'view, on an enlarged scale, ofone'bf the double type-wheels as it appears below-the line of the shaft, showing, also, a transverse section of the same wheel above the line of the shaft. Fig. 9 is a detail view in perspective of two of.thebinking-rollers with separate;v o weights. Figalt) is a face view, on an en;

larged scale, of a section of the notice board when'fi-xed upon the machine itself, alsoshowing the means for holding the different sym' bols in little frames or'opemfaeed pockets, so

as to be readily changed. I B is a longitudinal baseplate, to which (are secured the upright frames F1 F which sustain the diiferent working'parts of the instru ment. Between the frames F issituat'ed the.

mechanism that rotates the type-wheels T Tv T, &c., rigidly mounted upon a shaft, S,whieh' is given a tendency to rotate by a series of gears, G,"under the control of a v weight orspring or any suitable source of power,- 1P

The type-wheel shaft is controlled by an escapement by means of an anchor -to' which an intermittent motion isimpartd byaweighti or spring under control of an electro magnet,

EM. The anchor is provided with aretract 6o ing-sprjng and limitingstop, as clearly shown in Fig. 3, .and is journaled in the two partsot' the upright frame F. By means ofthis es:- capement and gearing the type-wheels maybe rotated to any desired character. The type;

wheels T T, &c.", maybe .of-any desired nuin= ber, placed side by side, with aseparation be-- tween them. A series of inking-wheels, I;

Theframe or wheels on which the circumferential fornrof the elastic peripheries are maintainedIsee Fig. 2) are composed of metal or father rigid material and constructed of a thin central ri'ni, m with spokes R radiating from are'rnolded the characters for use in printing.

thetype-wheelshaft-S3 From the rimm e 11 tend cross ribs or projections p "upo-neac'h with 'the-type wheel shaft, forming a wide pcor slots',-overwhich theenaracters upon the I rubber periphery are placed. j By misconby thesam'e wheel, makingsu'bstantially'two.

type-wheels out of eachwheel, and thus structiono'f wheel-two rows or set-sot charac ters independent of each other are supported 5, de, arranged at, equ-idistancemnd ;-'p'arallel ri'phcry. The cross-ribs pyfor'ih pe-n-spaces- 1T1, ing a lighter andcheaper wheel, t he met-t1 at :-the wheel being reduced toaminimuimg- I have shown inthedrawings ele v.en'w'heels=- supported ,side'by side upon the sanie"shaft,-

used.- g I will refer farther onto the;

ranging the characters upon t the means for printing therefro Supported by the'frames Faiid F' is a'sc -ond shafti,i S, which is controlled by ales;

capeme'nt', E, -governed byan electro-lnagh't,

s'tep-by-step motion tattle-shaft S. Upon the hoseofits"printing-lever, preferably malt-l ing-a spiral aroundthe shaft S t PM represent" a series ot' 'magnetssupported by theguprig'ht-frames,F F by means-of a crossbar, X Fig'. 4. There are a pair of these for each-wheel. They are arranged ,inthfisaanecircuitpthe electric current passa itig thrsngnan of 'them'at 'thefsame time.

levers.iplacedside by'side and supported, as

'tweenthe frahies F and F. They are so artranged upon this shaft that each arm can move independently ot' the others. One end extends back wardfarj-enough to come directly making altogether jtwentytwoI type-wheels;- but, as above remarked, any number this shaftis placed, side-by side, and -rigidly attached-thereto, a vseriesof disks, D D D,-j, ;-&c. -Eachdisk has a. notch in it to receive L UL, 860:, represent a series of. arms or overthe shaft-gland bearl upon the disks D; t V in a nose, It, whichiis adaptedfto enteithe notches-iii its disk. Eah.

EM, by-m'eans of an: anchor, *the said shalt havi'ng atendency to rotate imparted thereto '5 byason'rce'of power, P. geared toth'esbaft S by means of gearing G. I The magnet EM l acts upon an open and closedci'rcuit, givi'ng'a 35 ter.

the disks D D D, &c., presented to them,

holding them from operation. The noses ndo, not bear upon the disks when the'printingmagnets are de-energized, but are held away by retracting-springs, allowing the shaft S to [O operate with as little friction as possible. Be-

tween the shaft S and the noses n are the armatures a a a", &c., situated directly over the printing-magnets PM, and secured to the levers L L, &c., two armatures being prer5 sented to each magnet, one armature occupying one half of the core of the magnets and the other armature the other half. In this way the magnetism created in the core is divided between the two armaturcs. The other ends of the levers L L L &c., extend forward into the spaces or separations between the typewheels until they reach the center line of said.

type-wheels, when they turn inward toward the wheels and directly under the periphery in a line with the opening made by the crossribs 1), thus forming a hammer, h, which can enter and recede from the slots between the cross ribs. The object and use of these hammersis to press the elastic periphery outward 0 and to imprint the character against the paper sheet, the elasticity of the periphery permitting this. hen the hammer recedts, the periphery returns to its normal shape, and" the wheel is ready to revolve to the next charac- A platetrbar, pb, crosses all the typewheels in the series and is directly over the line of the hammers h.

The paper, which isdrawn step by step over the platen-bar, is arranged in a roll upon a 40 roller held between two shafts-S, supported by the frames F F", respectively, which shafts are provided with circular heads H H,'from which pinsproject and take into the roller. The shaft S to the left (see Fig. 2) has a spring against the paper roll. To remove or insert a roll of paper, the shaft 8 at the left of Fig. 2is pushed outward and the roll removed or adjusted in place. then the hand is removed,

5othe resiliency of the spring will force the shaft and head H to its normal position.

The shafts Siare controlled in their rotation by an escapement, E which is under the infiuence of an anchor operated by a polarized I design to upon the notice-board or machine that they can be changed at pleasure, whereby, when a stock or commodity becomes inactive, an activestockor commodity may be substituted for it.-. A cord, 0, is attached to the noticeboardand passes over pulleys pp, and has.

45 coiled about it, tending to keep the head H wheels with diiferent'colored inns.

a weight, P connected to its end, so that when the paper-escapement is operated the paper will be fed. The paper sheet is held by this means in a vertical position, like a bulletin-board, so that the various quotations are'visible at a glance. The sign or notice board NB is as wide as the paper roll. There are the same number of names upon it as there are type-wheels upon the shaft, and the typewheels are in a direct line with each column ofquotations, so that in looking for any stock all that is necessary is to look' at this board for the name required, and the fluctnationsin the prices thereof will be found under this heading. I prefer to print every two -col-, umns of quotations in alternating colors of red and black, as the eye sees and holds the position better when alternating colorsare used. This is done by supplying the inking- The no tice board or the names of the stock, or coin= modity can be fixed upon the machine itself in such a manner as that the symbols may be readily changed and the paper fed downward,

if desired. I do not wish, therefore, to limit my invention to any particular way of bold ing and exhibiting the paper sheet, as the same may be done in other ways than I have. shown.

In order to secure synchronism between the transmitter, thelype-wheels, and the disks that control the printing-levers, Iprovide two polarized electro-magnets', U and U*, the armatures of which may bet-brown by-a reversal of polarity of a weak current inthe paths, respectively, of unison'stops a and u", theformer located upon the type-wheel shaftS and the latter upon the disk-shaft S, so that when the'polarity is reversed and the current pulsated-these unison-stops will come ngainstthe armatures 0f the unison-magnets and bring the various parts of the receiver in unison with each other and the transmit-ting devices.

The elastic band which constitutes the periphery of. my type-wheel and which carries the characters to be printed may be arranged in two or more rows of characters, the charactors in each row being arranged opposite the spaces between the characters in the other rows. I do not wish, however, to confine niy invention to any number of rows of characters so arranged.

In'Figs. 1 and 2 I have shown the elastic peripheries as provided with three rows of characters so arranged,wh ich characters register with the spaces between the cross ribs or projectionsp. In Fig. 6 I have shown an elastic periphery having four lines of characters thereupon, the elastic periphery in this case being represented as rectifiedthat is to say,

rolled out in a plane. In quoting stocks it is absolutely essential to have fractions to rep' resent the rise and fall of thesame, as it is not, usual for them to rise or dcclineawhole point ata time, so that the last rowon the typewheel must be set aside "for; fractions, those.

' -rows of characters. Iyhave shown the;sign-boa rd with the names 45 direct line with the line of Q. ;four rows of characters,

50 -and ninety-nine and the '-fractions' intl ie fourth at the point where the 0 ofith'e third rowleaves 0E, all o f'wh'i'ch is clearly shown in;

usually employed being .eighths. So where threediagonal rows of characters are employed, as represented in Figs. 1 and 2, but two of those rows can be utilized to print integral numbers. I could therefore print only two integral numbers and fractions-such, for instance, as'.79.l' which would answerfor-stocks below par, but could not meet the requirements of a stock up above par -say,

To prevent confusion, I have only represented.

the three rows in v in practice to use a wheel with four diagonal (See Fig.6.) In Fig; 1

of the stocks abbreviated and the quotations ,for sa'idstocks printed upon the paper sheet, the quotations being substantially the state of the market at present, The .operation -of printing the quotations is as follows: Say, for instance, it is desired to .print Western Union (W. U.) 75%, as shown in the first quotation upon the bulletinjand speaking,now,with referenc'e'toawheel provided with four diagonal rows of characters insteadof three, as shown in Fig. second row of characters is reached, then I take an type-wheel until 5 in the third row of charactersis'reached and take an impression of that. .-'Ihe' 5 will be printed 'to the right of the 7, as the third diagonal row isto the right of the sec- 0nd which produced the 7. Having secured 75, I I now rotatethetype-wheeluntil in the third row of characters is reached and then take an fimpression, thus making the',quotation If, now, instead of printing'75i', itis desiredto print 175%, Iwou'ld first rotate the'type-wheel 'until the first row of characters. reached 1, and

04mm arr-impression 'of that [before printing .75%,which would give 175%. As a matterf vfact, it-makes no diflerence whethe'rthe-i be printed ,first orlast, or in what order the figuresare printed, for each figure will be in :3. characters that "produced it. I I I. i 1 It is rare for stocks to require more-than including fractions, a.nd't hey rarely,if ever,go beyond two hundred and a jfraction, and for this reason I-design to-have 2 the highest number iir thefirst column of characters where a four- "row strip is used, as shown in :Fig. 6. The numbers in the'second 'row,'w-here the characters in the first row leave oil, begin-with 1 and end with 0, being upon every alternate space, the nn-mbers'in the third "rowbeing opposite the sp left blank in the second (565; I rowand progressi froni 1 to 0; as 'be'fore By I get along with-lessflchai-acter's'than'if I provide'd 'the first row with A wheel of such a I construction for instance, a stock art-110%,

Figs.'1 and 2; but I. design 1-, I rotate'the type-wheel until 7 in the impression of the same and rotate the row beginning".

ispen s'ing' with alllthe charactersf cx 2 in the first-row, I :am: enabled to.

a; full: complement of characters, beginning with 1 and progressing to 0, as in columns two and three, for, as pointed out, I dispense with just so many unnecessarysteps or jigs to the type-wheel and do away with just so many pulsations of current on the liue.' At the lower end of Fig. 6 dots are shown in the last spaces, corresponding with the'unison-point of the type-wheel, and at the beginning of the strip in the first column is represented a letter S, which I use fo'rthe following purpose:

It is desired sometimes to print the numbers l'of shares of stock sold, and by placing an S ,inthefirst row -I may use this symbol to repj resent, when followed by anumber', the number of sharesof stock sold; Thus, for instance, in the first column on the bulletin under NV. U., I have indicated S upon oneline and 2,000 on the line below, indicating that two thousand shares of Western Union have been sold at seventy-nine, the quotation previously printed.

To enable me to print thousands, I place a 0 inthe fourth row or fraction-series on the type-wheel strip,-as shown in Fig. 6. Where a small number of shares of stock are sold less than athousand, the S may be printed upon the same line as the quotatiomas will be seen by reference to the bulletin in the'eightli columu, (O and M), the nineteenth column, (0 and '13,), and the twenty-second column,-(NP.) 1In printing stocks where the quotations of each stock are collated and displayed under its ownv heading, and there is a rise or fall of will be understood that the fraction will refer to the last preceding whole number which has been printed previously. Instead, therefore, of printingtwo or three charactersand a fraction,'.which-would be necessary when the stocks are commingled, stock-printer now in use, by my system I net-yd,

the printing of two or more characters and attaining a speed of operation which by other machines is impossible. So, too, where there is arise in the units of a stock, I need print only the unit, which is to be read with the last tens or hundreds previously printed in the same column. It is seldom that there is a rise in stocks or fall in the same that cannot be expressed infractionsfand rare'that stocks fluctuate in the-'units-column, so that it will be ap-- parent thatwhen'" my system is employed but few characters need be printed. In the first place, 'I' dispense entirely with the printingof the name of. the stock, which usually would charactera In the next place, my system can quotation itself; Itwill be manifest, therefore, that suchza system will result in a speed of operation which cannot .be attained by'the systems now employed without mentioning thecouvenience of the display of quotations arfraction only, it will not be necessary-to give the wholenumber, but only the fraction, as it dispense with printing half of the necessary as in the ordinary rro print the fraction only, thus-dispensing with be utilized, as just pointed out, to obviate printmg more than half of the figures of the that is afforded by my bulletin, whereby the quotations of each stock can be read at a glance.

I may use any number of type-wheels, and ofcourse quote any number of stocks, or two of the instruments could be used side by side where a great number of stocks would render the instrument cumbersome, the one instrument giving the quotations of stocks beginning with the'first letters of the alphabet and the second instrument giving the -stocks represented by the last letters of the alphabet, if need be.

Some of the stocks in the market are known as inactive stocks, and, being dull, there is not much need to give the quotations of these stocks, except occasionally. To print these inactive stocks, I set apart two columns upon my bulletin, which I have represented in Fig. 1 at the center of the bulletin, designated by the characters I I, which 1 use to designate inactive. In one column is printed the symbol of the stock, and in the other column the. quotation thereof. The character-wheel thereunder is provided at'onc side with the symbols of the stock, as represented in Fig. l, and at the other side with the diagonal arrangement of figures, as the other type-wheels.

, To print-such stock it is only necessary to revolve the type-wheel T" until the symbol of thestock is reached, when an impression is taken, and then to rotate this wheel until the successive numbers of the quotations are reached and impressions taken. The print ing in columns I I will illustrate these fetitures.

I will. now explain how the instrument may be operated electrically from a distance, and will describe asystem of circuits and transmit ting devices to control these circuits so as to secure the operation of my instrument. I do not, however, limitmy invention, to the circuits and transmitting devices shown in Fig. 5. ,I only show these to illustrate a means. whereby my instrument can be operated and to illustrate it as an operative whole.

In Fig. 5 are three main lin s, 1 2 3, extending from the transmitting devices to my instruments, of which there may be any number inthesc lines. 'lr, Tr, and 'lrrepresent transmitting devices for controlling the lines 1 2 3, and have keys K K K co op rating with T7" and 'Dr", which keys are brought into operation occasionally, for purposes to bedescribed. Tr and Tr" are rotary transmitters and operate upon precisely the same principle. Thei'ormer, Tr, is employed to determine the quotation of which stock shall be printed.

-I have represented around the dial the sym- :with the stocks upon the noticeboard and bols of the various stocks which correspond may be changed to can form therewith. \Vhen the handle of the transmitter Tr is turned to W. IL, for instance, the column "\V. U. on the bulletin will be printed in, and when turned to any other stock the column adjacent-to that other stock will be printed in.

To print the inactive stocks two spaces are set apart-on the transmitter, (marked I I, one being also marked N,) which, when the handle is turned to it, will position the parts so that the name of the inactive stock can be printed, and when the handleis in the spacc'I (marked also Q) the quotation of the inactive stock can be printed. \Vhen the handle of the transmitter TH is over the space I N, the handle of the transmitter Tr can then cause the names of the inactive stocks represented on T)" to be printed by positioning the handle oft'he transmitter Tr" over the name of the inactive stock desired. This will give the name of the inactive stock only. To print the quotation or price thereof, the handle of the transmitter 'lr must be brought over the space I Q and the handle of Tr. positioned successively over the numerals thereon, whereupon the quotation required will be printed. Having positioned the handle of the transmitter Tr to the stoclgdcsired to be printed, the handle of the transmitter Tr is turned to present the successive figures of the quotations, and when these are reached the transmitting-key Tr is closed to print them in their successive order. The transmitter Tr has represented upon it the same figures that are upon the strip shown figures occur on the strip illustrated in Fig. 6, the characters nearest the periphery of the dial Tr reprcs enting the characters in the first column of the strip, and the figures next nearest representing the figures in the second row of the. strip, and the figures next removed representing the figures in the third row upon the strip, while the fractions indicated upon the dial the farthest removed from the periphcry of the dial Tr" correspond to the fractions in the fourth column'of the strip. By-turning the handle of the transmitter Tr" to any character and then closing the transmittingkey Tr the figure corresponding to said character will be'pl'inted, the column in which the figure is situated beingdcterminod by its distanceffronr the periphery ofthe transmitter Tr". .I have also represented up'onthis dial the symholsof the inactive stocks. \Vhen the handle ot'*thc transmitter Tr isturned to one of the spaces I. (also designated by the letter N) the symbol of. any of the inactive stocks can then be priptcd, the symbol of the inactive stock to be prliited being determined by stopping the handle of the transmitter Tr" at the in Fig. 6, and in the same order that these ICO ISO

symbol desired and then closing the transmit-- ting-key Tr.

vent confusion. There would ordinarily be an inactive stock corresponding to each tooth I have only shown a few of the' inactive stocks upon this-dial in order to preupon the strip shown in Fig. 6, and the number of teeth upon the ratchet-wheel Tr should be't-qual to the number of columns upon the with the coutactsthps e e oi'f'f, as the case may be.

tery will be grounded-by the strip d coming scribed.

' Bathe key K", except that the strip (1 is con- 6.

performed'by them, I will, proceed to state thereon as explained above, and is provided ively, which are suitably grounded. Connected to the'circu-it 1 at a point, a, 'isa'tran's hatterywill be sent through the resistance to line bythe strip d coming-in contact-withthe by the strip a and contact-stop e; The func that thepositi'vepoie of the battery MB will and the negative pole thereof grounded?- The.

bulletin-that is to say, a column of stock for each tooth on the ratchetwheei. 1

Having premised the description of the transmitters by stating the functions to be their construction and operation. c

Each of the transmittersTr and Tr consists of a dial having the characters arranged with a ratchetflvheel and handle,which I have shown as constructed for manu'al operation, although the same may be turned by any mo tivepower and controlled as printing-tele graph transmitters usually are. The ratchetwheels above alluded to act upon circuitclosers which make and break the circuit ofthe linesl an d 2, putting to said lines the batteries MB and MB intermittently as the ratchet-wheels are revolved.- Springs nor-1 mally hold the circuit completer's, which are operated upon by the ratchet-wheels, away from their contacts, so thatthecircuits of the lines 1 2 are only intermittentlycompleted through thebatteries MB and MB, respect-- mitting device, K,' which isshown as constructed for manual operation. The device K is connected to the line 1 through the rheostat R, the circuit of which is branched, terminating in two contact-stops, e andf. Cor responding to these are stops 0 and f, which are grounded. Between the two sets of stops are arranged metalstrips c and d separated from each other by a block of inslilating material, to which a handle, K, is attached, so that the device can be oscillated back and. forth by' means of the handle, so as to make contact Connected with the strips c and d are wires running to' a'ha-ttery, MB. Nor nally the strips 0 and (Z do not touch either set of stops and the circuit is normally broken. If the handle is rotated upward, the negative pole of thebattery MB will be sent'toiine through the resistance R, which will diminlsh its strength. The positive pole of the'bat in contact with the contact-stop f. If the handle be depressed; the positive poleof the stop c,while the negative pole will be grounded tion of this device will be hereinafter '.de-

The construction of the circuit-closing key K, connected with the main line 2, is the same structed to normally contact with the step e, and the strip 0 with thecontact-st'op e,

be connected normally with the conductor 2 transmitter Tr. is connected electrically with. the stops ex'andf by the conductor 2, thecir' coil; of which is interrupted". thetireuie controller of the transmitter TF2. Should the current-reverser K be rotated upward, the battery MB will have its opposite pole put to the circuit 2, the object of which will be explained hereinafter. In electrical connection with the stops 0 and f of the transmitting-key K is a circuit-controlling key, K connected to the main line 2 at a point, I), through a resistauce-box, R When the key K is depressed, it serves to send'to theline 2 a ourrent of diminished strength, the purpose of lines in any definite way, as they may be interchanged and rearranged in circuits in various ways without departing from my invention. I only represent the same in the relations shown in the drawings to illustrate one .way in which ihe magnets may arranged in circuits.

In the line 2 is the cscapement-m'agnct EM, controlling the type-wheel shaft, and also the polarized unison-magnets U- aud U The escapement-inagnet EM is of the neutral type and operated by pulsating-currents of either polarity. When the transmitter Tr is operated,'the battery MB, which has itsposit-ive pole to line, is pulsated over the line2 and rotates the typewheels to anydesired character. The arinatures of the unison-magnets U and U" will be held out of the wayof the unison-stops u and .21. on the type-wheel shaft S and the shaft S", respectively, as a positive current will have no. effect upon, them, leaving them in the position shown in Fig. 1. now, the key K be operated, so as. to reverse the polarity on the main line2, the armatures of the magnets U andU will be thrown in the path ofthe unison-stops. Some means must be provided, however, to prevent the type'wheel magnet EM from responding before the armature's of the magnets U and U can pass into the path of "the stops u and u,- 5

otherwise the type-wheel magnet EM would rotate the type-wheel one space before the armatures of the unison-magnets would be thrown in the path of the stops, as the type-wheel magnet EMFrespo'n hs alike to positive and negative currents. In order to prevent this,

the key K is provided, which, after the key- K is operated to reversethe polarity and'bethe fore thetransrnitterlr is rotated,is closed,

as to send the reversed current through the resistance It to diminish its intensity, so that in, the pathof the stops,.the key K is allowed terisaand the negative or reversed current pulsated over the line2by the transmitterTr a sufficient number of times to insure unison. When unison is effected, the transmitter Tr is stopped, the controlling device K allowed to assume its normal position, and the key K closed, so as to send a weak positive current over the line to remove the armatnres of the unisonunagnets from the path of the stops without operating the type-wheel magnet EM.

The magnet Ell/1 controlling the shaft upon which the notched disks D D, &c., are located, which determines what printing-lever is to act, is placed in circuit l,which includes in it, also, the polarized electro maguet EM, governing the paper feed escapement E The magnet E31 is a neutral one, and responds to currents of either polarity, while the magnet EM is arranged to respond to currents of negative polarit-y only. When the transmitter Tr is operated, it sends intermittent positive currents over the one 1 from the battery MB, operating the magnet EM", and post-- tioning the disks D D", &c., so as to determine which printing-lever shall be free to act-that is,which shall register with its notch. \Vhen it becomes necessary to feed the paper, the circuit controller K is operated so as to send a negative followed by a positive current through the resistance Rflwhich resistance (iiminishes the strength of the current, so that it will not act upon the magnet EM", but will be of suflicicnt strength to move the paperfeed. escapement back and forth, thus leaving it in its normal position. The idea of having a weak positive current follow the weak negati ve is to bring the anchor of the escapement E back to its normal position; otherwise, if a weak negative is sent only, the anchor would be left in a position to be operated by a posiis operated and semis its positive currents to line the paper would be fed-ihat is to say. the positive current of the battery M B, would operate the magnet E31", and at the some time would throw the anchor of the csca'pement E to its original position, which might, under some'circuinstances, interfere with the operation of the machine, and would not make the magnet Eli 3 entirely independent of the magnet- EM" and the transmitter Tr.

The circuit 3 is the printing-line, in which are arranged the printing-magnets PM in series, or in any other way. They are all energized by the current from the battery MB? when the transmitter Tr is operated.

The operation of my instrument and the method of printing from the same is gorietly as follows: Say, for instance, it is requ print NVestcrn Union 75.3, which is the first quotation on the bulletin. The handleof the transmitter Tr is turned so that it points to W. U. This will actuate the cscapement E and bring the first disk, I),in position, so that the first printing-lever of thetype-wheelswill register wit-h the notch'iu this disk and be the can print. The handlebf the transmitten 'Ir' ing-lever in operation, and

the quotation of a stock is received.

is left in this posi: ion and thehandle of the tranainIth-r it rotated until figure 7 of the second row on the type-wheel strip is reached. The printing-transmitter Tr is then operated and an impression taken. The handle of the transmitter Tr" is rotated again until figure 5, corresponding to the third row on the typewheel strip, is reached, and the printing-trans mitter again operated, after which the trans: mitter Tr is again rotated until the fraction if is arrived at,when the printing-circuit is again established. This will then give us as desired. Say,now, it is necessary to print S. 0. (South Carolina) 9,whic is an inactive stock. The transmitter Tr is rotated until the space marked I, and further designated by S, is reached. This would bring the eleventh printby stopping the transmitter .Tr" at the symbol S. G. and closing the circuit of the printing-line 3 the symbol of the inactive stock would be printed in the eleventh column, as shown in Fig. 1. To obtain the quotation of the same, the transmitter Tr is rotated one space further to the division marked I, and further designated by Q, meaning inactive quotation. The transmitter Tr is left in this position and the transmitter Tr actuated. until the figure 9 corresponding to the third row upon the type-wheel strip is arrived at and the printing-circuit closcd,wl-iich would give us S. C. 9. it will be observed t-hatthc transmitter Tr is left opposite a certain symbol or space until the quotation of that space is completed, and when the pointer of the transmitter Tr is opposite any symbol upon the dial the quotation of that stock can only be printed, and as long as the handle is left opposite a certain-symbol on the dial the printing will be done in the tive current, so that when the transmitter Tr column corresponding to that symbol on the bulletin. If, now, after having printed the quotation SO. 9, it be desired to feed the paperso as to quote Wcstern Union again, the key K is operated back and forth,so as to send a weaknegative and a weak positive current over the line 1 to operate the paper-feed magnet EM, as before explained, leaving the cseapement-maguetElWundisturbed. Having fed the paper, the handle of the transmitter Tr is turned to W. U. and the operation before describedrepeated. The paper can be fed at any time during the operation of the apparatus. The stocks can be printed in a continuous line across the face of the paper sheet, as shown in one of the lines in Fig. 1, andthe paper fed at the end of the line, if desired. It will be obvious that stocks can'be quoted in any order desired and whenever The quotation ofeach can be printed as often as required and omitted whenever desired. The diagram of quotations represented. in Fig. 1 will illustrate the manner in which the quotations are, display'edfand how they can be printed and spaced. it it is necessary at any time to print the number of shares of stock sold -say, for instance, P. and R., (Philadel- IOC phia and Reading) 275shares, at 37 t,'(see column 13, Fig. 1)the transmitter-Tr is turned to P. and R. and the transmitter To" to the letter S and an impression taken, andafter the line upon which the S is printed is finished the paper is fed and the transmitter T172 rotated and an impression taken, so as to give the number 275.

This invent-ion not being for the greatest speed or the latest quotations, but in practical use being somewhat dependent upon other machines from the quotations of which themarket can be analyzed and printed at brief pe- 'riods of time, will be of service toalarge class of bankers and investors, although machines made in accordance with myinveution can be many ways without departing from my invention, and I reserve to myself all changes within the scope of the invention and the rightin practice to make all changes within the scope of'what I now desire to claim and secure by Letters Patent, which is- -1. A type-wheel upon a fixed rotary shaft, having an elastic periphery with the printingcharacters rigidly aflixed thereupon and a platen for forcing said printing characters against the surface to be printed upon, substantially'as described.

2. A type-wheel upon a fixed rotary shaft, having an elastic periphery upon which the priMing-characters are rigidly affixed, means for rotating said type wheel, a stationary platen over which the paper is fed, and a printing-leverzfor forcing said printing-char- ,quo'tations of stocks or other commodities, havactcrs against the paper, substantially asv set forth.

3. A type wheel with two-or more rows of figures arranged in substantially themanner set forth, the first row or rows of figures being devoted to integral numbers and the last row to f raetio us, for the purpose deseribed,an essentially as set forth. a

4. A type-wheel adapted for printing the quotations of stock or other commodities, having the characters thereon in four rows, arranged su bstautially as set forth, thc first row of characters stopping at 2, the second and third rows progressing from 1 to 0, the characters in each of said rows being opposite spaces in the other rows, and the fourth or last row of ,said type-wheel being devoted to f ractions, all substantially as set forth. .5. {A typewheel adapted for printing th ing two. or more rows of characters, two of said rowsbeginning at 1 and progressing to G and a third row thereof set apart for fractions, as shown and described.

6. A printing-telegraphhaving a series of figure-wheels, each adapted to print the quotation of any given stock or commodity, and having the name of the stock adjustably affixed to a part of the apparatus, whereby the printing of'the name or symbol of the stock is obviated and printed.

7. A printing-telegraph with the name or symbols of the stocks adjustably atfixed'to a the quotations only have to be portion of the apparatus and the quotation of the stock arranged in columns side by side directly in a line with or adjacent to said symbols upon a paper sheet, substantially in the. manner described, whereby the state of the market can be read at a glance and the fluctuations of each stock be readily seen and a comparison of prices made. 4

8. Aprinting-telegraph having a seriesof type-wheels'rigidly attached to a rotary shaft common to all, saidtype-wheels having an elastic periphery with the printing-characters rigidly affixed thereupomand asheet of paper arranged to be printed upon, and a series of platens for printing upon said paper from any desired one of said wheels at will in a separatecolumn, substantially as described.

9. A type-wheel consisting of a rim portion, m, suitably carried by a shaft with cross ribs or projections extending from either side,

' making slots or cut-away portions between the sa-me,jand an elastic periphery of less dense material carried by said crossribs conform-- ing to the contour of saidcross-ribs and 'carrying the pri nting-eharaeters, whereby a light type-wheel is secured.

'10. A type-wheel mounted upon a rotary fixed shaft, having a rim portion, 1', and spokes s. supporting the same, with cross-ribs 1), ex-

tending upon either side thereof, making slots or cut-away portions between the same, an elastic material carried by said eross-rlbs and conforming to their contour ,with the printingcharacters thereon, which register with the spaces between the cross-ribs, and a platenhammer, also registering with said spaces for forcingthe characters against the surface to be printed upon.

11. A type-wheel having a rim portion, r, with the cross-ribs p extending therefrom,hav-

ing spaces or cut-away portions between the same, and an elastic periphery surrounding the cross-ribs and carrying the printing-characters arranged in, rows thereon,disposed in the manner shown, the said characters registerlng with the spaces between the cross ribs, for the purpose specified.

12.A typewheelconsisting of a mm portion, r, with cross-ribs p extending therefrom upon either side, and an elastic material having the printing-characters disposed upon either. side thereof and carried by said crossribs, whereby the wheel is made up of two type-wheels with independent characters and lightness of the same insured, essentially as set forth.

13. A printing-telegraph having a noticeboard with the name or symbol of the stock or commodity thereupon, a sheet of paper adj ustably attached thereto, and means for progressing the same at will and for printing the prices thereof upon said paper sheet in parallel lines, as specified.

14. A paperrfeed for a printing-telegraph or thelike, consisting, substantially, of a shaft for supporting a coil of paper, an independent cscapement governing the same through the instrumentality of an independent electro-magnet, and a weight suitably attached to the free end of said paper and holding it in any position desired for imparting a rotary tendency to the aforesaid shaft and paper.

15. A printingtelegraph having a series of type-wheels, each printing'the figures of the quotations of its own stock, with the name of the stock arranged at the head of said columns, respectively, and afiixed adjustably to a. portion of the apparatus, and a characterwheel carrying the names of the inactive stocks arranged in saidinstrumentand having an adjaecnt figure-wheel set apart forco-operation therewith, whereby the inactive stocks can be given and the quotations thereof printed, as well as quotations of the active stocks, in the manner specified.

16. A printing-telegraph instrument having two type-wheels arranged side by side, the one carrying the symbols of the inactive stocks and the other figures arranged'in two or more rows, and means for revolving saidtype-wheels, so as to take an impression of any desired symbol upon said characterwhcel and also its corresponding quotation from the figu rewheel, substantially asset forth.

17. A series'of type-wheels, as T T &c.,

' arranged side by side and rigidly attached to a shaft havin'g,a motor controlled by an electro-magnet for rotating the same, so as to position any character upon said wheels, aprinting-leve'r common'to each type-wheel, apap'er sheet arranged contiguously thereto, and a transmitter for determining which printinglever shall act upon its type-wheel, substantially as set forth.

18. A printing-telegraph having a series of type-wheels adjacently and rigidly arranged upon a shaft common to them all, a motor controlled by an electro-magnet for controlling said shaft and rotating the type-wheels to any character desired, each type-wheel being set apart for the printing of quotations for one stock only, as designated by anotice-boar'd, a paper sheet,with the symbol of the commodity upon said notice-board attached or adjacent to said paper sheet, a printing-lever co-operatiiigmith each type-wheel, and atransmitter for determining which printing-lever shallbe free to act, depending upon the quotations of,

which stock it is desired to print,

19."- Thecolnbination, in apriutlng-telegraph instrument, of a series of wheels, '1" T, &c.,

upon said wheelsya series of printing-levers mounted upon a shaft, one for each independent set of characters, a series of disks located upon a shaft and controlled by a second escapement and an electro-magnet under the influence of a transmitter, with a notch in each disk, upon which disk the outer end of each printing-lever may rest, a series of printingmagnets acting upon said' printing-levers, whereby when the notch in any disk registers with its printing -,lever the corresponding type-wheel only can be printed from.

20. The combinatiominaprinting-telegraph. of aseries of printing devices carrying the characters to be printed, a printing-lever for each series of character-carrying devices, a series of printing-magnets for operating said levers, a series of notched disks, and means for controlling the same from a distance, determining which printing-lever shall be free to act, all the others being held from action, substantially as set forth.

, 21. The combination, in aprinting-telegraph V instru ment, of aseries of type-wheels, as Tand T", &c., each carrying two independent sets of characters upon an elastic periphery and mounted upon a type-wheel shaft, S, under the control of .an electro-magnet, ElVI, a series of printing'levers, as L L, &c., mounted upon a shaft, S, and a series of disks, D D", 850., carried by a shaft, S under the control of an escapement, and an electro-magnet, EM, for holding said levers from operation except when anotch therein is made to register with the end of the printing-lever, a series of printing-magnets, PM, arranged in series or otherwise in the same circuit and acting upon said printinglev'ers, and-a paper sheet P, passing step by step over a stationary p aten-bar, pb, upon which paper sheet the characters are printedin substantially the manner set forth.

I to

22. The combination, in aprinting-telegraph having a series of type-wheels each printing the quotation of itsown stock, of asheet of pa-v per arranged'contiguously to said type-wheel and mounted upon a roller controlled by an escapement under the influence of an electromagnct controlled by a transmitter, whereby the paper may be fed at any time at will and termining which printing-lever shall register with its not-chin the disks and be free to print.

.a series of printing-magnets, PM, acting upon said printing-levers an arranged in the same circuit, a paper-feed. escapement-,;E, for the paper sheet P, arranged contignonsflto said type-wheels and passing overeat platen-bar, pb, and. an electro-magnct controllingthe said paper-feed escapement andifgo'verned by a 4 transmitter, in the manner described.

24. The combination, in a printing-telegraph, of a series of type-wheels, T T, &c., arranged upon a shaft which is c'onlrolled by an electron-magnet, EM, in a main line, 2, the'.

circuit of which is controlled'by a transmitter, Tr, pulsating the current ,from the bat-1 tery MB in the manner specified, a paper sheet upon which the quotations are printed in the manner described, and a-series of printing-levers, L L, &c., acting upon said type- I wheels, having means, as D D &c., controlled by an electro-magnet, EM, under lhe influence of the.transmitter T11 operating as described, and a main line, 3, including printing -ma-gnets PM inlits circuit, which circuit iselosed when it is desired to take an impressio'n.

graph ,of aseries of type-wheels, as-T' T &c.,

' rigidly-affi'xed to a shaft governed by an elec-- ,tromagnet,-.EM, in main'line. 2, controlled lay-transmitter Tr in the manner specified, a .scries' of printing-levers acting upon isaid type-wheels inthemanner described,

o [means governed by the transmitter Tr, lo-

cated in main line 1, for determining which printing-lever shallheactuated, and unison;

- magnets U U in theI-main line 2 for unisonin'g said type-wheel shaft and "the means governing the printing-levers, and transmitting devices K and K", -co- 'operatiugwith the transmitter Tr" to effect unisonlfof the'apparatns and establish synchronism between the transmitters and the machine, substantially as speci- '26. The combination, in a printing telegraph, of a series oftype-wheels arranged and controlled substantially as described, a series of printing-levers cooperating therewith, and

means, as D D, 850., determining which print- 25. The combination, in aprinting-teleerases EM,-.in' a main line, .1, independent of the circuit of the type-wheel electro-magnet, a

.paper sheet upon which the printing is effected, and a paper-feed escapement,-a1so located in the line 1 a d governed by .a polarized electroqnagnetcontrolled by a circuit-reversing device, 'K, at the transmitte r,-sending aweak positive and weak negative current to line, in the man-nenspecified and for. the pu-r' pose described.

27; The combinatiiin, in if printing tele- -ing-.lever"shal'l be actuated, an electromagnet,

lnitter Tr, which is'joperated in the manner position the type-wheels-to any desired character through the instrumentality ofv the electro-magnet EM, controlling the shaft upon which'they are located, and a main line, 3, controlled by'a transmitter/Fr, to energize transmitting devices, substantially as K K", connected to the line 2 in the manner shown, and governing, together with the transmitter Tr, the apparatus,and unison-magnets U U",

located in the circuit 2, so as to eifect unison between the type-wheel shaft and the print- ,ing-levcrdisk shaft and establish synchronism with the transmitter, a paper sheet ar.- ranged, adjacent to .and across said typewheels, controlled by an escapement through the instrumentalit-y of a polarized electromagnet in the main line 1,and a transmitting device, K, connected to ,the circnit 1 in the manner shown,'for operating said paper feed escapement in the mannicr specified, substantially as described. I

. OIjIARLE,S -,.J. 4 W1 LEY. Witnesses: .7 i l CHARLES N. JUDSON,

v A. M. HA ns I 0 graph, of a main-linefl controlled by' t-rans-' the printing-magnets to effect an impression, 

